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SIA

Sit Investment Associates Portfolio holdings

AUM $5.28B
1-Year Est. Return 14.42%
This Fund
S&P 500
This Quarter Est. Return
+4.41%
1 Year Est. Return
+14.42%
3 Year Est. Return
+49.57%
5 Year Est. Return
+37.84%
10 Year Est. Return
+154.77%
AUM
$3.68B
AUM Growth
+$113M
Cap. Flow
-$3.77M
Cap. Flow %
-0.1%
Top 10 Hldgs %
19.63%
Holding
563
New
21
Increased
140
Reduced
189
Closed
29

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$22.2M
2
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$14.4M
3
BNY
Bank of New York Mellon
BNY
+$11.1M
4
RSF
RiverNorth Capital and Income Fund
RSF
+$10.9M
5
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$10M

Top Sells

Rank Stock Value
1
IVH
Delaware Ivy High Income Opportunities Fund
IVH
+$17.9M
2
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$16.8M
3
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$14.3M
4
OPP
RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
+$11.7M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$11.5M

Sector Composition

Rank Sector Weight
1 Technology 16.34%
2 Healthcare 7.64%
3 Industrials 6.18%
4 Financials 5.91%
5 Consumer Discretionary 3.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DIS icon
451
Walt Disney
DIS
$181B
$193K 0.01%
1,930
– –
EQH icon
452
Equitable Holdings
EQH
$14.4B
$187K 0.01%
7,375
+775
+12% +$22.9K
DG icon
453
Dollar General
DG
$26.9B
$186K 0.01%
885
+115
+15% +$25.8K
IGR.RT
454
DELISTED
CBRE Global Real Estate Income Fund Rights (expiring April 6, 2023)
IGR.RT
$186K 0.01%
+6,015,612
New +$102K
CTSH icon
455
Cognizant
CTSH
$26.7B
$183K 0.01%
3,000
– –
GER
456
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
$181K ﹤0.01%
13,798
– –
BFK
457
DELISTED
BlackRock Municipal Income Trust
BFK
$176K ﹤0.01%
17,200
– –
ZTS icon
458
Zoetis
ZTS
$31.3B
$175K ﹤0.01%
1,052
– –
PNR icon
459
Pentair
PNR
$10.7B
$173K ﹤0.01%
3,125
-450
-13% -$23.9K
FEN
460
DELISTED
First Trust Energy Income and Growth Fund
FEN
$171K ﹤0.01%
13,200
+7,200
+120% +$98.4K
AMCR icon
461
Amcor
AMCR
$21.4B
$168K ﹤0.01%
2,945
– –
ROST icon
462
Ross Stores
ROST
$78.6B
$167K ﹤0.01%
1,570
– –
IFF icon
463
International Flavors & Fragrances
IFF
$21.4B
$166K ﹤0.01%
1,805
+85
+5% +$8.45K
BRK.B icon
464
Berkshire Hathaway Class B
BRK.B
$1.09T
$165K ﹤0.01%
533
– –
MHN
465
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$163K ﹤0.01%
15,300
– –
SNV
466
DELISTED
Synovus
SNV
$163K ﹤0.01%
5,281
– –
SJM icon
467
J.M. Smucker
SJM
$12.9B
$152K ﹤0.01%
+965
New +$147K
FMX icon
468
Fomento Económico Mexicano
FMX
$39.7B
$150K ﹤0.01%
1,575
– –
MMT
469
Aberdeen Multi-Market Income Fund
MMT
$244M
$150K ﹤0.01%
32,990
-18,108
-35% -$83.8K
ESNT icon
470
Essent Group
ESNT
$6.23B
$149K ﹤0.01%
3,715
+165
+5% +$6.79K
STRA icon
471
Strategic Education
STRA
$1.86B
$148K ﹤0.01%
1,650
– –
IFX
472
DELISTED
INFINEON TECH AG ADS(REP1 ORD)
IFX
$146K ﹤0.01%
+3,575
New +$146K
MATV icon
473
Mativ Holdings
MATV
$667M
$141K ﹤0.01%
6,585
– –
XIFR
474
XPLR Infrastructure LP
XIFR
$1.09B
$141K ﹤0.01%
2,325
– –
ORLY icon
475
O'Reilly Automotive
ORLY
$74.9B
$140K ﹤0.01%
2,475
– –
17 18
19
20 21

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Sit Investment Associates's Q1 2023 Portfolio in Review

As of Q1 2023, Sit Investment Associates held 563 positions worth $3.68B, up 3.2% from $3.57B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Sit Investment Associates's Q1 2023 filing shows 21 new, 140 increased, 189 reduced and 29 closed positions. Its largest new stake was abrdn Income Credit Strategies Fund: 2,985,270 shares worth $19.9M. The largest sale was Delaware Ivy High Income Opportunities Fund, an estimated $17.9M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Healthcare and Industrials.

  • Sit Investment Associates's largest Q1 2023 buy was abrdn Income Credit Strategies Fund: 2,985,270 shares worth $19.9M.
  • Sit Investment Associates added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $14.4M increase.
  • Sit Investment Associates's biggest Q1 2023 reduction was Western Asset Inflation-Linked Opportunities & Income Fund, cutting an estimated $16.8M.
  • Sit Investment Associates fully exited Delaware Ivy High Income Opportunities Fund in Q1 2023, selling an estimated $17.9M.
  • Sit Investment Associates's ten largest holdings make up 20% of its $3.68B portfolio in Q1 2023.
  • Sit Investment Associates opened 21 new positions and closed 29 in Q1 2023.
  • Sit Investment Associates's portfolio value rose 3.2% quarter-over-quarter to $3.68B.

Based on Sit Investment Associates's 13F filing for Q1 2023, filed 11 May 2023.